"A government will force a public company to keep doing what that company feels is commercially and environmentally not the right thing to do?"
No. You now need government approval to build a new power station. It just means you will also need approval to shut down an old power station. That's because these things need to be done in a systematic manner and need a centralized controlling body to regulate. As for Liddell, it would most likely have to stay open at least until the on-demand power can be replaced by Snowy Hydro II. So 5-10 years perhaps.
But its no problem, because if AGL wants to get out of coal, others will be happy to buy their aging coal fired power stations and run them for as long as they are needed.
Ann: AGL FY18 interim results and affirmation of FY18 guidance, page-98
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